Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 2,773.3 | 2,346.0 | 1,869.8 | 1,858.7 | 1,993.9 | 1,925.0 | 1,766.2 | 1,776.2 |
Revenue growth | 18.2% | 25.5% | 0.6% | -6.8% | 3.6% | 9.0% | -0.6% | -7.8% |
Cost of goods sold | 2,346.2 | 1,950.2 | 1,486.1 | 1,519.0 | 1,654.5 | 1,578.8 | 1,426.9 | 1,467.9 |
Gross profit | 427.1 | 395.8 | 383.6 | 339.7 | 339.3 | 346.2 | 339.3 | 308.2 |
Gross margin | 15.4% | 16.9% | 20.5% | 18.3% | 17.0% | 18.0% | 19.2% | 17.4% |
Sales and marketing | 59.0 | 59.2 | 55.5 | 57.0 | 56.3 | 54.1 | 56.9 | 55.5 |
General and administrative | | | | 82.6 | 79.2 | 75.6 | 74.9 | 76.0 |
EBITA | 197.3 | 182.0 | 177.8 | 130.7 | 152.7 | 158.6 | 123.6 | 129.7 |
EBITA margin | 7.1% | 7.8% | 9.5% | 7.0% | 7.7% | 8.2% | 7.0% | 7.3% |
Amortization of intangibles | 6.8 | 7.3 | 3.6 | 3.4 | 3.5 | 3.7 | 2.8 | 2.8 |
EBIT | 190.5 | 174.7 | 174.1 | 127.3 | 149.3 | 154.8 | 120.8 | 126.9 |
EBIT margin | 6.9% | 7.4% | 9.3% | 6.8% | 7.5% | 8.0% | 6.8% | 7.1% |
Pre-tax income | 188.7 | 172.5 | 171.1 | 125.9 | 137.8 | 146.9 | 113.8 | 102.9 |
Income taxes | 41.6 | 34.6 | 43.4 | 22.8 | 26.7 | 46.1 | 27.6 | 26.8 |
Tax rate | 22.0% | 20.1% | 25.4% | 18.1% | 19.4% | 31.4% | 24.3% | 26.1% |
Net income | 147.2 | 137.8 | 126.8 | 103.1 | 111.1 | 100.8 | 86.2 | 76.0 |
Net margin | 5.3% | 5.9% | 6.8% | 5.5% | 5.6% | 5.2% | 4.9% | 4.3% |
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Diluted EPS | $6.38 | $5.92 | $5.45 | $4.42 | $4.76 | $4.31 | $3.73 | $3.32 |
Shares outstanding (diluted) | 23.1 | 23.3 | 23.3 | 23.3 | 23.3 | 23.4 | 23.1 | 22.9 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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